It's an All Purpose jumping saddle. I agree, not a good one. Make sure it really fits your horse and isn't too low in back or pinching behind the shoulders. Also run your hand under it, with the saddle lightly girthed up, no pad, and make sure you don't feel any tight spots or hollow/loose areas from front to back. The back of the saddle should be sitting even when you look over your horse's rump, with plenty of room over the spine (the panels should not be sitting on or within 1/2" of the outside edges of the spine).
Usually, these cheap saddles don't meet those fitting criteria. If not, you might be able to get away with using it with a good saddle pad, like a ThinLine, Skito, Supracor, etc., but one of these good pads is likely to cost you more than the saddle did